Bank Jago Partners Mambu and Google Cloud for Digital Bank
In this article (5)
The strategic partnership allows the bank to operate in the cloud in Indonesia, where banking data must remain in-country, according to an announcement this week.
The digital bank will use Mambu’s SaaS banking platform and Google Cloud to offer new services to meet the needs and demands of Indonesian customers.
Bank Jago launched its smartphone app in April 2021 in Indonesia, home to the fourth-largest unbanked population globally.
Its service offerings include everyday transactions and payments, and the bank has plans to branch out into SME lending.
Bank Jago believes that technology is not only providing new experiences to its customers, but it also enables the bank to operate efficiently, and to constantly create innovative breakthroughs, Kharim Siregar, Bank Jago president director, said in the announcement
Formerly known as Bank Arto, Bank Jago is backed by the likes of super app Gojek, which recently increased its stake in the lender, as well as Singapore state investor GIC.
Questions & Answers
Q.What is the primary benefit of Bank Jago's strategic partnership with Mambu and Google Cloud?
What is the primary benefit of Bank Jago's strategic partnership with Mambu and Google Cloud?
The partnership allows Bank Jago to operate its digital banking services in the cloud within Indonesia. This helps them meet the in-country data residency requirements for banking information.
Q.What types of services does Bank Jago currently offer, and what are its future plans?
What types of services does Bank Jago currently offer, and what are its future plans?
Bank Jago currently offers everyday transactions and payments through its smartphone app. The bank has stated plans to expand its service offerings to include SME lending in the future.
Q.When did Bank Jago launch its smartphone app and in which country?
When did Bank Jago launch its smartphone app and in which country?
Bank Jago launched its smartphone app in April 2021. The app was launched in Indonesia, which is home to the world's fourth-largest unbanked population.
Q.Who are some of the key investors backing Bank Jago?
Who are some of the key investors backing Bank Jago?
Bank Jago is backed by prominent investors. These include the super app Gojek, which recently increased its stake, and Singapore state investor GIC.
Reader pulse
Will this cloud partnership accelerate Bank Jago's growth?
24,458 votes so far